Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    555 Jackson Ave, Unit 301 Knoxville, TN 37902-1353
    Back to Search
    Property profile & analytics

    555 Jackson Ave, Unit 301, Knoxville, TN 37902-1353

    View on Map
    • Super regional malls
    • 1,355 SF
    Off-Market
    Last Sale Jul 17, 2024
    $372,000
    Property ID
    US80-1609201
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Morris Group LLC / Advertising Agency / Marketing & Advertising

    Property Details for 555 Jackson Ave

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    094EJ00600D
    APU
    094EJ00600D

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2024 $372,000 Margaret L Butler Seg Rentals LLC Warranty Deed $120k · Mountain Commerce Bank
    Dec 11, 2013 — Charles J Morris JR. — Trustees Deed · related $434k · First Peoples Bank Tn

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.924
    Latitude
    35.967
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,915
    $0.00
    $0.00
    $97,160
    -
    $106,700
    $136,200
    $242,900

    Comparable in this City

    • Value Estimation
      $520,000
      2,007 SF

      555 Jackson Ave Ste, Unit 303

      REGIONAL SHOPPING CENTER, MALL
      555 Jackson Ave Ste, Knoxville, TN 37902-1355
      View Details
    • Value Estimation by Request
      1,636 SF

      524 Gay St Ste, Unit 301

      REGIONAL SHOPPING CENTER, MALL
      524 Gay St Ste, Knoxville, TN 37902-1540
      View Details
    • Value Estimation by Request
      1,079 SF

      555 Jackson Ave, Unit 302

      REGIONAL SHOPPING CENTER, MALL
      555 Jackson Ave, Knoxville, TN 37902-1352
      View Details
    • Value Estimation
      $1,590,000
      10,268 SF

      522 Gay St Ste, Unit 200

      REGIONAL SHOPPING CENTER, MALL
      522 Gay St Ste, Knoxville, TN 37902-1542
      View Details
    • Value Estimation
      $18,855,000
      311,576 SF

      407 Walnut St

      REGIONAL SHOPPING CENTER, MALL
      407 Walnut St, Knoxville, TN 37902
      View Details
    • Value Estimation by Request
      0.05 Acres

      123 Gay St

      PARKING LOT
      123 Gay St, Knoxville, TN 37902-1004
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Location For Sale

      0.77 acres retail property near Gay Street and Old City.
      116-124 W Summit Hill Dr SW, Knoxville, TN 37902
      View Details
    • Contact for pricing

      Downtown Knoxville Class A Assets

      Premier income-producing Class A office and parking in downtown Knoxville.
      900 S Gay St, Knoxville, TN 37902
      View Details
    • Contact for pricing
      18,500 SF

      Downtown Knoxville Retail Buildings For Sale

      Two adjoining buildings on Gay Street in central Downtown Knoxville.
      716-718 S Gay St, Knoxville, TN 37902
      View Details
    • Contact for pricing
      7,872 SF

      Fully Occupied Retail/Office Building

      First-floor retail and office building for sale in Knoxville.
      714 S Gay St, Knoxville, TN 37902
      View Details
    • $6,000,000

      Downtown Knoxville Office Space

      18,000+ SF office space in the heart of Market Square.
      17 Market Sq, Knoxville, TN 37902
      View Details
    • Contact for pricing

      Class A Office Building

      Downtown Knoxville office building with river and mountain views.
      900 S Gay St, Knoxville, TN 37902
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Downtown Retail/Restaurant/Office Space

      3,600 SF retail/restaurant/office space in downtown Knoxville.
      706 S Gay St, Knoxville, TN 37902
      View Details
    • Contact for pricing
      2,115 SF

      Downtown Knoxville Restaurant Space Available

      Restaurant space available in downtown Knoxville with high visibility.
      121 Union Ave, Knoxville, TN 37902
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office space for rent in vibrant Gay Street.
      716 S Gay St, Knoxville, TN 37902
      View Details
    • $25 SF/Yr

      Historic Office Space on Gay

      7,700 SF office space in downtown Knoxville landmark.
      424 S Gay St, Knoxville, TN 37902
      View Details
    • Contact for pricing
      7,700 SF

      Historic Downtown Knoxville Office Space

      7,700 SF office space in iconic downtown landmark.
      424 S Gay St, Knoxville, TN 37902
      View Details
    • $25 SF/Yr

      Historic Office Space on Gay

      7,700 SF office space in downtown Knoxville landmark.
      424 S Gay St, Knoxville, TN 37902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    555 Jackson Ave, Unit 301
    Knoxville, TN 37902-1353
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    555 Jackson Ave, Knoxville, TN, 37902
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!